Wims, Inc., has current assets of $5844, net fixed assets of $23873, current liabilities of $2363, and long-term debt of $11,000. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 17E
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Wims, Inc., has current assets of $5844, net fixed assets of $23873, current liabilities of $2363, and long-term debt of $11,000. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)

 

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